Central Exchange Limited (CXE)

Overview

The Company has until recently been involved in the telecommunications sector through the carrier licence granted to the Company in May 2000. As a consequence of the world-wide downturn in the telecommunications sector and the extremely competitive market for the provision of such services in Australia, the Directors of Central Exchange determined to alter the commercial direction of the Company away from the telecommunications sector and towards the resources sector. As a consequence of same, the Company has acquired six very exciting diversified mineral projects in Western Australia details of which are outlined later in this Prospectus.These projects have been selected by the Company for their high degree of prospectivity and the potential to bring the Company to a production status in the short to medium term. These resource projects are focused principally towards the identification and mining of gold resources but also include copper gold prospects, base metals and iron ore targets.n addition to bringing six exciting projects to the Company the existing skills of Central Exchange have been supplemented by the addition of Dr John Stephenson and Mr H Shanker Madan to the board of the Company. Dr Stephenson is the recently retired Exploration Director for the Rio Tinto Group for the Australasia Region and brings over 30 years of experience in mineral exploration and mining. In addition, Mr H Shanker Madan is a highly respected geologist with over 30 years of world-wide experience in the mineral sector with senior management positions including BHP Minerals and Hamersley Iron. The addition of Dr Stephenson and Mr Madan to the board of the Company brings two world class geologists with excellent track records who will be able to apply their collective experience towards the commercial exploitation of the Company’s six resource projects.The corporate strategy of the Company can be summarised as follows:1. To focus on the six resource projects outlined in this Prospectus with the objective of identifying and mining a major mineral deposit.2. The acquisition or development of production assets or interests in income producing projects (either as an owner/operator or in joint venture with one or more suitable partners); and3. Strategic investments in the minerals industry.

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